There is no minimum credit score. At the time of application, we will pull your credit which will result in a hard inquiry. Your credit report will remain valid for 120 days from the date it is pulled. Your credit score is one of many determining factors in the pricing and approval of a Splitero home equity investment. Pricing and approval conditions are subject to change due to changes in the market and are not based on your credit score alone.
You may be eligible as long as you pay off your reverse mortgage or shared equity agreement before or through the closing of your Splitero investment.
Click here to see if the amount you may qualify for will be sufficient to pay off an existing obligation.
No! Because a Splitero investment has no monthly payments we have no income or employment requirements. We will not ask for any documentation about employment or income.
There are no restrictions. You may use the funds however you wish!
Splitero does not require payoff if you choose to refinance your home. However, some lenders may require repayment to Splitero in order to refinance your mortgage. Splitero may be willing to subordinate our lien position in certain circumstances (for example, a rate and term refinance with no cash out) provided you meet our eligibility requirements.